TEC vs XT: Grades, Fees and Holdings Compared

Harbor Transformative Technologies ETF (TEC)

TECCNYSE Arca

iShares Future Exponential Technologies ETF

XTANasdaq

Overlap

31.6%by weight

Expense ratio

XT −0.23pt a year

TEC0.69%XT0.46%

Avg volume · 30D

XT 173.1×the volume

TEC399XT69.1K

TEC vs XT Performance

Oct 31, 2025 – Oct 30, 2026

+7.2%TEC+20.1%XT

Expense ratio: TEC 0.69%; XT 0.46%, better
Fund size: TEC $6M; XT $3.98B
1Y total return: TEC +7.2%; XT +20.1%, better
Yield (12M): TEC No data; XT 6.82%
Holdings: TEC 44; XT 216
Avg volume (30D): TEC 399 sh; XT 69.1K sh, better
NAV per share: TEC $31.68; XT $83.53
52W range

ETF.net Grade

Pillar letters and Scores for TEC, XT, with each pillar’s weight
Pillar	TEC	XT
Cost30% weight	C40	A95Higher
Mission25% weight	A80	Not scored
Risk15% weight	B65	A91Higher
Tradability15% weight	D39	A77Higher
Holdings10% weight	C46	B66Higher
Durability5% weight	F17	A96Higher

Rank among Disruptive Innovation funds

How we build Categories ›

Same Category. TEC and XT are both graded against the same 30 Disruptive Innovation funds, so their Grades compare head to head.

Disruptive Innovation⁠

Category · 30 funds

See all 30 ›

XT ranks 1st and TEC 16th of 30 funds in the Disruptive Innovation Category.

Rank 1AXTiShares Future Exponential Technologies ETFScore 86
Rank 2AKOMPState Street SPDR S&P Kensho New Economies Composite ETFScore 83
Rank 16CILDRFirst Trust Innovation Leaders ETFScore 44
Rank 16CTECHarbor Transformative Technologies ETF (TEC)Score 44
Rank 18CLOUPInnovator Deepwater Frontier Tech ETFScore 42

Our read on each fund

ETF.net Research

TECCHarbor Transformative Technologies ETF (TEC)

XTAiShares Future Exponential Technologies ETF

In short

TEC A stock-picker's swing at disruptive tech. Harbor hands the keys to Jennison, whose team runs a concentrated, go-anywhere book of roughly 40 names tied to transformative technology. Active conviction, not an index screen.

XT Innovation, spread thin on purpose. XT holds roughly 200 global companies scored by Morningstar analysts for exposure to a handful of exponential tech themes, so no single moonshot carries the fund.

Stated mandate

TEC The Fund normally invests at least 80% of its assets in securities of companies across any sector whose growth potential is tied to transformative technologies. These technologies use innovation to change how consumers, businesses, or industries operate.

XT XT seeks to track an index of stocks from developed and emerging markets whose companies create or use exponential technologies. The strategy targets technologies with potential economic benefits, including the ability to displace older technologies or create new markets.

Why people hold it

TEC Jennison Associates runs the portfolio, the growth-equity shop Harbor has partnered with for over 50 years.businesswire.com
Go-anywhere mandate: at least 80% of assets in companies from any sector whose growth is tied to transformative technology, not only names filed under tech.
Concentrated by design: roughly 40 holdings and non-diversified status mean individual winners can actually move the fund.aaii.com
What's inside lines up closely with the transformative-tech mandate in the prospectus.

XT Cheap for the theme at 0.46% a year, below the typical fee in its disruptive-innovation cohort and under peers like TRFM and FDTX.
Human fingerprint on the stock list: Morningstar equity analysts score companies on theme exposure instead of sorting by keywords or revenue tags.sec.gov contentstack.io
Global by construction (developed and emerging markets) and not fenced into the tech sector, so a drugmaker or an industrial can qualify on theme exposure.sec.gov
Launched in 2015 and now a multi-billion-dollar iShares fund, it stands among the stronger builds in its innovation peer group.ishares.com

Worth knowing

TEC The 0.69% fee sits above index-built rivals like KOMP (0.20%) and XT (0.46%). Active selection is the thing you're paying up for.
Launched in 2025, so the live record is short, the asset base small, and thin trading can widen the gap between bid and ask.
Pure growth mandate with no income stream, and concentration cuts both ways when a top holding stumbles.

XT The index has been reworked since launch (weighting scheme, theme list), and themes get an annual review, so today's tilt is not fixed forever.morningstar.com sec.gov
Moderately traded rather than a household name, which can mean wider spreads than the biggest tech ETFs.
About 200 positions dilutes any single breakout winner, and distributions land only once or twice a year.

Full TEC profile⁠

Full XT profile⁠

TEC vs XT Holdings

How TEC and XT differ

Overlap by weight

31.6%

Shared holdings make up 63.4% of TEC and 36.3% of XT.

Level by level

Holdings22 in both31.6%
Sector10 Sectors62.6%
Countryby domicile80.1%
Asset classEquity100%

Sector

Sector weights in TEC and XT, widest gap first
Sector	More in TECMore in XT	TEC	XT
Technology	TEC +30.6 points	73.8%	43.2%
Health Care	XT +23.5 points	3.9%	27.4%
Industrials	XT +6.3 points	2.1%	8.4%
Communication	TEC +6.2 points	10.0%	3.8%
Financials	XT +3.2 points	1.0%	4.2%
Utilities	XT +3.0 points	1.1%	4.1%
Materials	XT +1.3 points	0.0%	1.3%
Consumer Discretionary	TEC +0.7 points	8.3%	7.6%
Energy	Same weight	0.0%	0.0%
Real Estate	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in TEC and XT, widest gap first
Country	More in TECMore in XT	TEC	XT
United States	TEC +16.2 points	93.1%	76.9%
Switzerland	XT +3.1 points	0.0%	3.1%
Japan	XT +3.1 points	0.0%	3.1%
Germany	XT +2.7 points	0.0%	2.7%
China	XT +2.5 points	0.0%	2.5%
United Kingdom	XT +2.0 points	1.7%	3.7%
Netherlands	TEC +1.9 points	1.9%	0.0%
France	XT +1.9 points	0.0%	1.9%
Other countries (5)	XT +2.7 points	3.3%	6.0%

Outside the US: XT 74% developed, 26% emerging.

Concentration

Weight in the 10 largest Holdings

TEC50.8%
XT36.5%

Securities held

TEC44
XT193

Asset class

TEC: Equity
XT: Equity

Holdings

Only in TEC22
In both22
Only in XT171

Only in TEC

22 securities, 36.6% of TEC by weight

Apple Inc8.98%
Lam Research Corp3.47%
Datadog Inc - Class A2.78%
Asml Holding Nv-Ny Reg Shs1.94%
Onto Innovation Inc1.75%
Shopify Inc - Class A1.74%
Roivant Sciences Ltd1.67%
Taiwan Semiconductor-Sp Adr1.56%
Lattice Semiconductor Corp1.47%
Keysight Technologies In1.38%
Mastercard Inc - A1.13%
Constellation Energy1.13%
Samsara Inc-Cl A1.12%
Airbnb Inc-Class A1.09%
Credo Technology Group Holdi1.04%
Lumentum Holdings Inc1.01%
Netflix Inc0.95%
Servicenow Inc0.71%
Vertiv Holdings Co-A0.70%
Arm Holdings Plc-Adr0.51%
Cerebras Systems Inc - A0.31%
Quantinuum Inc-A0.20%

Only in XT

171 securities, 63.3% of XT by weight

Eli Lilly4.61%
Texas Instrument4.61%
Johnson & Johnson3.09%
AbbVie2.47%
Taiwan Semiconductor Manufacturing1.82%
Merck & Co Inc1.71%
Roche Ps Par AG1.61%
Iberdrola1.49%
Novartis AG1.44%
S&P Global1.30%
Astrazeneca PLC1.30%
Amgen Inc1.18%
Cisco Systems Inc1.18%
Infineon Technologies AG1.16%
Murata Manufacturing1.15%
Nxp Semiconductors NV1.01%
Te Connectivity PLC1.01%
Gilead Sciences0.96%
Emerson Electric0.93%
Fortinet0.92%
Xiaomi0.88%
Bae Systems PLC0.83%
Pfizer0.82%
Northrop Grumman Corp0.82%
Enel0.81%
Danaher0.75%
Air Products and Chemicals0.70%
Sk Hynix0.61%
Bristol Myers Squibb0.60%
Rheinmetall AG0.58%
Novo Nordisk Class B0.58%
London Stock Exchange Group PLC0.55%
Engie SA0.49%
Renesas Electronics Corp0.48%
Rockwell Automation Inc0.48%
Glaxosmithkline0.47%
On Semiconductor Corp0.47%
Stmicroelectronics0.47%
Nasdaq Inc0.46%
Sanofi SA0.46%
Rwe AG0.43%
Samsung Sdi Ltd0.41%
Sse PLC0.41%
Eaton PLC0.40%
Block Class A0.40%
Regeneron Pharmaceuticals0.38%
Okta Class A0.37%
Moderna0.37%
Coinbase Global Class A0.35%
Siemens Energy N AG0.32%

Weight gaps

All 22 Holdings in both funds, largest gap first.

Holding weights in TEC and XT, widest gap first
Holding	More in TECMore in XT	TEC	XT
Advanced Micro DevicesAMD	TEC +4.12 points	5.07%	0.95%
Snowflake IncSNOW	TEC +3.46 points	3.57%	0.11%
NVIDIA CorpNVDA	TEC +3.21 points	6.79%	3.58%
Alphabet Inc-Cl AGOOGL	TEC +3.19 points	4.93%	1.74%
Amazon.com IncAMZN	TEC +2.71 points	5.23%	2.52%
Arista Networks IncANET	TEC +2.45 points	2.65%	0.20%
Microsoft CorpMSFT	TEC +2.43 points	6.53%	4.09%
Micron Technology IncMU	TEC +2.11 points	3.15%	1.04%
Tesla IncTSLA	XT +1.70 points	2.70%	4.40%
Meta Platforms Inc-Class AMETA	TEC +1.60 points	2.93%	1.33%
Analog Devices IncADI	XT +1.51 points	1.87%	3.38%
Broadcom IncAVGO	TEC +1.38 points	3.12%	1.74%
Palo Alto Networks IncPANW	XT +1.33 points	2.14%	3.47%
Space Exploration Techn-Cl ASPCX	TEC +1.18 points	1.47%	0.29%
Palantir Technologies Inc-APLTR	TEC +1.16 points	1.65%	0.49%
Cadence Design Sys IncCDNS	TEC +0.87 points	0.98%	0.11%
Oracle CorpORCL	TEC +0.80 points	1.03%	0.23%
Vertex Pharmaceuticals IncVRTX	TEC +0.52 points	1.18%	0.66%
Crowdstrike Holdings Inc - ACRWD	TEC +0.34 points	3.09%	2.75%
Intuitive Surgical IncISRG	XT +0.20 points	1.39%	1.59%
Ge Vernova IncGEV	TEC +0.15 points	0.76%	0.61%
Cloudflare Inc - Class ANET	TEC +0.06 points	1.12%	1.06%

All 44 TEC holdings⁠All 193 XT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

TEC vs XT Cost

Overpaying TEC vs XT

$4,199

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

TEC 0.69%
$13,429
XT 0.46%
$9,230

Amount$10,000

Years30 years

Cost over time

TEC 0.69%
XT 0.46%
Overpaying

Year by year

Year	TEC	XT	Overpaying
10	$1,232	$830	$402
20	$4,697	$3,195	$1,502
30	$13,429	$9,230	$4,199

Expense ratio

0.69%TEC
0.46%XT, cheaper

XT0.46%TEC0.69%

0.20%0.90%

Middle half of Disruptive Innovation funds
Median 0.65%

XT 3rd cheapest of 30 funds

TEC 18th cheapest of 30 funds

TEC vs XT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): TEC No data; XT 6.82%
Payout (12M): TEC None; XT $5.69
Last payment: TEC No data; XT $0.36
Ex-dividend: TEC No data; XT Jun 15, 2026
Paid on: TEC No data; XT Jun 18, 2026
Frequency: TEC No data; XT Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

TECAll TEC payments⁠

No distribution history available.

XTTwice a year · 23 paymentsAll XT payments⁠

TEC vs XT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: TEC 23.6%since May 2025XT 16.5%
Return per unit of riskSharpe ratio, 3 years: TEC 1.07since May 2025XT 1.08
Worst fallMax drawdown, 5 years: TEC −17.5%since Apr 2025XT −34.4%
Market sensitivityBeta, 5 years: TEC 1.61XT 1.35; Market = 1

TEC and XT in the news

All news⁠

ETF Filings
Golden Eagle files a second ETF without the 40% sales rule of the fund it already runs
Oct 8, 2026XT
Deep Dive
Disruptive innovation ETFs share a label, not a portfolio
Sep 11, 2026XT

Popular comparisons

TECCvsKOMPA
Harbor Transformative Technologies ETF (TEC) · State Street SPDR S&P Kensho New Economies Composite ETF
Expense ratio
0.69% · 0.20%
Category
XTAvsKOMPA
iShares Future Exponential Technologies ETF · State Street SPDR S&P Kensho New Economies Composite ETF
Expense ratio
0.46% · 0.20%
Category
TECCvsTRFMA
Harbor Transformative Technologies ETF (TEC) · AAM Transformers ETF
Expense ratio
0.69% · 0.49%
Category
XTAvsTRFMA
iShares Future Exponential Technologies ETF · AAM Transformers ETF
Expense ratio
0.46% · 0.49%
Category
TECCvsXITKA
Harbor Transformative Technologies ETF (TEC) · State Street SPDR FactSet Innovative Technology ETF
Expense ratio
0.69% · 0.45%
Category
XTAvsXITKA
iShares Future Exponential Technologies ETF · State Street SPDR FactSet Innovative Technology ETF
Expense ratio
0.46% · 0.45%
Category

TEC vs XT

In short

Stated mandate

Why people hold it

Worth knowing

How TEC and XT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in TEC

Only in XT

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Golden Eagle files a second ETF without the 40% sales rule of the fund it already runs

Disruptive innovation ETFs share a label, not a portfolio

How TEC and XT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in TEC

Only in XT

Weight gaps